Why can't we put pressure on China?
They make our stuff.
So what?
Very long story.
See:
See:
Wednesday, June 25, 2014
HOMAGE TO RANDALL COLLINS
Randall Collins:
"TIPPING POINT REVOLUTIONS AND STATE BREAKDOWN REVOLUTIONS: WHY REVOLUTIONS SUCCEED OR FAIL
Saturday, October 22, 2016
I AM JUST GOING TO TRY TO PUT SOMETHING INTO PERSPECTIVE FOR YOU
A lot of people think of Clinton as a ' safe ' choice, safer, at least than Trump.
Unfortunately, we, and the West, no longer have a safe versus unsafe Presidential choice.
Because Clinton merely represents more of the drifting decline that we put in place early in the 20th Century, and have kept to ever since, her candidacy is itself assuredly very unsafe, going forward, because decline of this kind has already reached what one might call a tipping point. And I am not here talking mainly about domestic politics.
Re tipping point, see prior post: HOMAGE TO RANDALL COLLINS
Unfortunately, we, and the West, no longer have a safe versus unsafe Presidential choice.
Because Clinton merely represents more of the drifting decline that we put in place early in the 20th Century, and have kept to ever since, her candidacy is itself assuredly very unsafe, going forward, because decline of this kind has already reached what one might call a tipping point. And I am not here talking mainly about domestic politics.
Re tipping point, see prior post: HOMAGE TO RANDALL COLLINS
I am not suggesting that Trump's decisions in office would solve the international situation, not at all, but staying with a post Milner Group liberal international economic order policy, which she represents in spades, will no longer work, and not just for economic reasons, but rather for cultural and spiritual ones.
Friday, August 13, 2010
THE FED RED HERRING Scylla Charybdis CARTOON
Krugman seems to make some important points.
Nevertheless, speaking of eg Japan, here's a mise en scene for a Bernanke cartoon:
Bernanke is Odysseus, navigating his stultifera navis , a small sail boat, between two rocky cliffs, but they aren't merely cliffs on either side, they are enormous high mountain ranges marked China, Japan, Korea, India, Mexico, Indonesia.
Scylla/Inflation sits at the nearest precipice to the little craft on one side, reaching down with tentacles dangerously close to Odysseus, the craft tipping dangerously and almost smaller than Bernanke himself, at center, bottom.
Just to the other side of the craft from Scylla, a large whirlpool CHARYBDIS, marked also DEFLATION, mountains rising up on that side of the illustration to the edges of the paper, the craft almost being sucked down into it the whirlpool.
Huge trees growing on the mountains, all mountains each labelled also, as well as countries' names mentioned, "MERELY EXCESS CAPACITY".
The caption above:
STRUCTURAL PROBLEMS
THE CAPTION BELOW:
STRATEGIC PARTNERS ALL IN THIS TOGETHER
One might also point out, as Japan scholars (not me!) have long mentioned, it is a fundamental mistake to try to compare Japan and the US, even on so, apparently, 'fundamental' (not) a level, as that of 'economics' (pseudo discipline). SAY APPLES AND ORANGES, pace Posen.
Nevertheless, speaking of eg Japan, here's a mise en scene for a Bernanke cartoon:
Bernanke is Odysseus, navigating his stultifera navis , a small sail boat, between two rocky cliffs, but they aren't merely cliffs on either side, they are enormous high mountain ranges marked China, Japan, Korea, India, Mexico, Indonesia.
Scylla/Inflation sits at the nearest precipice to the little craft on one side, reaching down with tentacles dangerously close to Odysseus, the craft tipping dangerously and almost smaller than Bernanke himself, at center, bottom.
Just to the other side of the craft from Scylla, a large whirlpool CHARYBDIS, marked also DEFLATION, mountains rising up on that side of the illustration to the edges of the paper, the craft almost being sucked down into it the whirlpool.
Huge trees growing on the mountains, all mountains each labelled also, as well as countries' names mentioned, "MERELY EXCESS CAPACITY".
The caption above:
STRUCTURAL PROBLEMS
THE CAPTION BELOW:
STRATEGIC PARTNERS ALL IN THIS TOGETHER
One might also point out, as Japan scholars (not me!) have long mentioned, it is a fundamental mistake to try to compare Japan and the US, even on so, apparently, 'fundamental' (not) a level, as that of 'economics' (pseudo discipline). SAY APPLES AND ORANGES, pace Posen.
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